Fifty-seven percent of Americans have either a great deal or a fair amount of confidence in Obama to "recommend or do the right thing for the economy," according to Gallup's survey. By comparison, Democratic leadership drew some degree of confidence from 48 percent of those polled, while 39 percent had the same confidence in Republicans. Bernanke had a confidence share of 42 percent.

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Unsurprisingly, the results show a wide gap in confidence between different political affiliations, with a whopping 90 percent of Democrats supporting the president's economic decision making, while only 24 percent of Republicans feel the same. Independents were somewhere in the middle, with 51 percent expressing some confidence in the president and 47 percent saying they have little to no confidence in Obama on economic issues.

Gallup doesn't expect the results to have an effect on Obama's budget reception, however:

Americans' increased confidence in Obama's ability to make the right decisions for the U.S. economy is consistent with his re-election and the improvement in economic confidence Gallup found earlier this year. Still, it seems unlikely that this increased confidence will translate into a positive reception for the president's new budget. Even before it is released, both Democrats and Republicans have criticized the president's budget.